CURRENT AFFAIRS

Detailed explanation-1: -In January this year, Emaar Group had signed an agreement with the Jammu and Kashmir government to develop a 500,000-sq ft shopping mall in Srinagar.

Detailed explanation-2: -In a statement released by Emaar Properties, it says that the group will develop a 5,00,000 sq ft ‘Emaar Mall’ in Srinagar which will be the first significant FDI investment since the state has been converted into a Union Territory. Calling it a ‘Landmark project’, H.E.

Detailed explanation-3: -Dubai-based Emaar group will develop a shopping mall in Srinagar of 500,000 sqft, as per the agreement signed between the governments of Dubai and Jammu & Kashmir to facilitate investments into marquee projects. This will be the first significant FDI investment in Jammu and Kashmir.

Detailed explanation-4: -EMAAR Properties, a Dubai-based real estate group, will be developing a shopping mall in Srinagar, Jammu and Kashmir. The mall will be about 5 lakh square feet in size. According to a statement released by Emaar, a MoU was signed by the Dubai and Jammu and Kashmir governments to facilitate investments into the project.

Detailed explanation-5: -Mohamed Alabbar, Founder of Emaar, said the company intends to bring a world-class mall experience to residents of Jammu and Kashmir and also the tourists.